Guidance ShortfallThe firm produced only 30,150 GEOs at the Fox Complex, which came in somewhat below annual guidance following a stope failure.
Operational DifficultiesFox faced multiple challenges based on limited labor availability and harsh weather conditions.
Production ChallengesThe firm's YoY revenue decline was primarily driven by lower production, with 24,131 Gold Equivalent Ounces (GEOs) produced during the quarter compared to 33,037 GEOs in 1Q24.